-The Times of India NEW DELHI: The Supreme Court took serious note of alleged illegal operations of multi-national accounting firms (MAFs) in India in collaboration with Indian charted accountancy firms (ICAFs) and asked the Centre on Friday to examine steps to rein them in. "The Union of India may constitute a three-member committee of experts to look into the question whether, and to what extent, the statutory framework to enforce the letter...
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Odisha tribal organisations protest against draft CAF Rules -Ishan Kukreti
-Down to Earth The protests are in opposition to the vague position of the Rules on forest-dwelling communities in the compensatory afforestation process The draft Compensatory Afforestation Fund Rules, 2018, notified by the Union Ministry of Environment, Forest and Climate Change (MoEF&CC) on February 16, have sparked protests by tribal organisations in Odisha. The protests are due to the fact that the Rules are vague on the role of communities in...
More »India half-way through in promoting budget transparency -- reports a Global Survey
-Press Release by Centre for Budget and Governance Accountability (CBGA) New Delhi: The idea of ‘good governance’ has gained a lot of momentum in the recent years and ‘Budget Transparency’ has acquired importance as one of the parameters of ‘good governance’ across the globe. In light of this, it is pertinent to see where India stands in a global survey of budget transparency covering more than 100 countries. A global survey on...
More »Bhargavi Zaveri, senior research associate at the Indira Gandhi Institute of Development Research, interviewed by Nitin Sethi (Scroll.in)
-Scroll.in The Insolvency and Banking Code was brought in as a law in May 2016 to resolve cases of unpaid debts by companies. It allows creditors to initiate insolvency proceedings against defaulting companies so as to recover their money. The code was thought necessary because existing systems of dealing with insolvent companies had failed to deliver, with cases dragging on for years without result. The code sets up an Insolvency and Bankruptcy...
More »Slack food safety could be risking public health: CAG -Zia Haq
-Hindustan Times Audit report says most food testing labs in country are ill-equipped. The Comptroller and Auditor General (CAG), India’s constitutionally mandated federal auditor, has cited serious lapses in enforcing food-safety norms in the country, which, it said, could be putting public health at risk. A majority of the country’s food-testing laboratories were poorly managed, the report said. It found that 65 of the 72 state-wide food laboratories were not accredited to the...
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